Malaysia’s Kenanga Investment Bank's PE arm buys 19% stake in Tokenize

Photo by Andre Francois on Unsplash

Kenanga Private Equity Sdn Bhd, the wholly-owned private equity arm of Malaysia’s Kenanga Investment Bank Bhd, announced that it has entered into an agreement to acquire a 19% stake in Tokenize Technology (M) Sdn Bhd (Tokenize Malaysia).

Operating under brand name Tokenize Xchange, Tokenize is one of the three licensed digital asset exchanges (DAX) operated by the Securities Commission of Malaysia (SC). It is currently the second-largest DAX in the country by traded market share, according to a company statement.

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